12/15/13

If the Government won't help the poor, the Fed should.

Dasani it not just a water any more. It is the name of a 12 year old in Brooklyn who has been featured in a New York Times series that graphically outlines the shape of deep poverty in today's America. 


Invisible Child: Dasani’s Homeless Life - The New York Times 

http://buff.ly/IXi0WY




One message that seems pertinent is that money makes much if not all of the difference. And that when money is available to those who have none it is spent. In Mexico and Brazil money is the weapon that is fighting poverty. In the USA it should become our weapon. The Fed bailed out the banks. What if it bailed out the poor? The banks sit on the money or else give it to the rich in bonuses. The poor go out and spend it. If the government has not got the capacity to save the poor, let the fed do it. 



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